OKX Releases 14th Proof of Reserves Report, Reflecting $14.9 Billion in Primary Assets

In a major development, OKX, a prominent global Web3 technology firm and cryptocurrency exchange, has unveiled its 14th consecutive monthly Proof of Reserves (PoR) report. This report showcases a robust USD14.9 billion primary assets underpinning user funds.

Reserve Ratios

The latest Proof of Reserves (PoR) report by OKX reveals the current reserve ratios for its primary assets. BTC leads with a reserve ratio of 103%, followed closely by ETH at 104%. USDT maintains a robust reserve ratio of 103%, ensuring the security of user funds. Additionally, USDC joins the lineup with a reserve ratio of 101%, reflecting OKX’s commitment to transparency and trust in the cryptocurrency exchange market. These reserve ratios provide users with a clear understanding of the platform’s financial stability and adherence to industry standards.

Lennix Lai, OKX Global Chief Commercial Officer, emphasized:

“Our monthly Proof of Reserves reports underscore our unwavering commitment to delivering a secure, reliable, and trustworthy platform and trading experience.” He further highlighted OKX’s dedication to maintaining industry-leading transparency by empowering users with real-time tools to verify reserves.”

An interesting addition to OKX’s PoR report is the acknowledgement of USDC as a “primary asset.” This reflects the growing significance of Circle Internet Financial’s stablecoin within the exchange.